"Korea to Become Key Global AI Supply Chain Hub... $1.3 Trillion Collaboration with Big Tech"

San Francisco AI Summit

Six Agreements Signed with Big Tech Firms

Semiconductor Supply and Construction of 5GW Data Centers

Korean companies such as Samsung Electronics, SK, and Naver are collaborating with global big tech firms like NVIDIA, Broadcom, and Microsoft (MS) on semiconductor supply and production contracts worth a total of USD 950 billion (approximately KRW 1,300 trillion), as well as on the construction of artificial intelligence data centers (AIDC) with a combined capacity of 5 gigawatts (GW).

Chairman Chey Tae-won of SK is speaking at the 'San Francisco AI Summit' held at The Midway in San Francisco, USA, on the 24th (local time), attended by President Lee Jae-myung. Photo by Yonhap News

The Ministry of Science and ICT announced on the 25th that it held the 'San Francisco AI Summit' in San Francisco, USA, on the 24th (local time), with the participation of major domestic and international companies.

Attendees included Lee Jay-yong, Chairman of Samsung Electronics; Chey Tae-won, Chairman of SK; Euisun Chung, Executive Chair of Hyundai Motor Group; Lee Hae-jin, Founder of Naver; Jensen Huang, CEO of NVIDIA; Hock Tan, CEO of Broadcom; Sam Altman, CEO of OpenAI; and Dario Amodei, CEO of Anthropic, among others.

President Lee Jae-myung announced the 'San Francisco AI Declaration' at the summit, outlining a plan to make Korea a key global hub in the AI supply chain, leveraging the country's world-class capabilities in memory semiconductors.

On the occasion of the summit, six agreements were signed between domestic companies and global big tech firms. Samsung Electronics will pursue foundry cooperation with Broadcom, supplying advanced memory semiconductors and producing AI chips over five years, from this year to 2030, with a total contract value of USD 200 billion. Samsung SDS will partner with Anthropic to jointly develop new AI markets and to train applied AI engineers.

SK hynix and SK Telecom will cooperate with NVIDIA on projects valued at a total of USD 500 billion, supporting the construction and expansion of AIDCs with up to 2 GW capacity, securing priority allocation for the latest GPU Verarubin systems, and supplying advanced memory semiconductors.

SK Telecom also agreed to jointly invest in domestic GW-scale AIDC projects with Anthropic. SK hynix is planning to discuss long-term supply of memory semiconductors to Microsoft's AIDC. SK Telecom will expand cooperation with Amazon Web Services (AWS)—with which it previously co-developed the Ulsan AIDC last year—for the expansion of GW-level AIDCs in Korea.

Naver secured a combined investment and infrastructure support deal worth USD 10 billion from NVIDIA and the global investment firm Brookfield. Under the agreement, Naver will attract a USD 1 billion investment from NVIDIA, expanding GPU supply and technology cooperation. Brookfield will provide up to USD 9 billion, collaborating to secure the infrastructure and supply chains required for operating GW-scale AI factories.

Hyundai Motor Group announced a vision for 'physical AI' aimed at realizing integrated intelligence at a city scale, based on its manufacturing capabilities and robotics data. It will jointly establish a 'robot reference platform' with NVIDIA to support robotics development by universities and startups, and will cooperate with Waymo to create an autonomous driving ecosystem. Hyundai Motor Group will also foster domestic hubs for its physical AI strategy, including investments in the Saemangeum AI Valley and similar projects.

Vice Prime Minister and Minister of Science and ICT Bae Kyung-hoon stated, "The fact that global big tech companies gathered to discuss practical and concrete cooperation with our firms reaffirms Korea's status as a core player in the global AI supply chain. We will concentrate our policy capabilities to ensure Korea becomes an irreplaceable global AI production base and a key platform for AI cooperation."

This content was produced with the assistance of AI translation services.